Webull Singapore

[sohguanh]

Haha sorry I mean what have you redeemed with moomoo points so far?

Oh sorry no account there yet

 

[crystalnox]

Haha sorry I mean what have you redeemed with moomoo points so far?

Chair cushion, neck cushion, wireless mouse, umbrellas and of course figurines of their mascot.
Google image:

 

[direbmem]

Chair cushion, neck cushion, wireless mouse, umbrellas and of course figurines of their mascot.
Google image:

Oh haha not really keen on these

 

[crystalnox]

Oh haha not really keen on these

Yeah it’s not for everyone, but hey as least some freebies are better than no freebies and no other benefits.

 

[sohguanh]

Yeah it’s not for everyone, but hey as least some freebies are better than no freebies and no other benefits.

Agree but usually for investing we talk about monies so freebies that is more directly related to monies will be more attractive. Such freebies I think online shopping app model fit better. My personal view of cuz.

 

[wira]

seems its 0% interest for margin <$50K
anyone used the margin before?

https://www.webull.com.sg/pricing

 

[wira]

the help support just told me webull now only support long calls and long puts for options ...

means i cant sell options ?

 

[ashethen]

seems its 0% interest for margin <$50K
anyone used the margin before?

https://www.webull.com.sg/pricing

Me lor. Fund SGD and buy us stocks. No interest charged

 

[ashethen]

the help support just told me webull now only support long calls and long puts for options ...

means i cant sell options ?

So lousy? Quite a deal breaker for me

 

[wira]

Me lor. Fund SGD and buy us stocks. No interest charged

how does it work ?

say i got SG$2000 in account now.
so if i went and buy 10 TSLA shares for US$9K+, it will utilise margin and no interest ?
for how long ?

 

[ashethen]

how does it work ?

say i got SG$2000 in account now.
so if i went and buy 10 TSLA shares for US$9K+, it will utilise margin and no interest ?
for how long ?

Your SGD is used as collateral against your stocks bought with USD.
So you're loaning usd9k using your SGD as collateral.

According to my earlier post, $1 collateral can loan about $4 worth of stocks. Must check the margin maintainence requirements of each stock

0% margin interest is promotional, not sure when they'll end it

 

[wira]

anyone can advise ?
I sold my free AAPL shares already and total assets is $2156.

When i try to withdraw my funds, Cash available for withdrawal is only $1986 while Margin available for withdrawal is the full $2156.

What does it mean ?

 

[crystalnox]

anyone can advise ?
I sold my free AAPL shares already and total assets is $2156.

When i try to withdraw my funds, Cash available for withdrawal is only $1986 while Margin available for withdrawal is the full $2156.

What does it mean ?

You probably need to wait T+2 after selling before you can fully withdraw.

 

[sohguanh]

You probably need to wait T+2 after selling before you can fully withdraw.

That is correct. It is the same for Syfe trade about T+2. So just be patient.

 

[wira]

i see ..thanks for the advice

 

[mr_wealth]

Has anyone successfully made a withdrawal?

 

[sohguanh]

Has anyone successfully made a withdrawal?

TS revhappy. It is T+1. But first time withdraw the bank account need provide a lot of info and ask for document. Screenshot of your bank summary not accepted. Think they looking for bank statement showing your name (same as Webull registered name),bank account number ala pdf format I think

 

[direbmem]

TS revhappy. It is T+1. But first time withdraw the bank account need provide a lot of info and ask for document. Screenshot of your bank summary not accepted. Think they looking for bank statement showing your name (same as Webull registered name),bank account number ala pdf format I think

You did not withdraw your 2k? Kept in there to buy more stocks?

 

[sohguanh]

You did not withdraw your 2k? Kept in there to buy more stocks?

Try withdraw once already that is why I say first time setup the bank info troublesome. But once done next time just use the saved entry

Can think of it as more secure than say Syfe trade for e.g as that is so easy but not Webull Spore

 

[direbmem]

Try withdraw once already that is why I say first time setup the bank info troublesome. But once done next time just use the saved entry

Oh ok. I thought why you mentioned revhappy only and didn't include yourself.